Electric Hot Water Heater Cost Per Year

Most water heaters include a label listing the annual.

Electric hot water heater cost per year. Quantity of water heaters to be purchased unit s 1 unit see assumptions for various daily water use totals. 64 energy factor 0 92 electric 0 61 gas energy cost 0 06 per kwh 60 per therm. Natural gas 0 36 per m 3 electricity 0 11 per kwh. A natural gas water heater saves you approximately 180 a year compared to electric.

Based on fuel rates as of december 2018. Hot water cylinders tanks come in many shapes sizes and capacities ranging from 40 to over 400 litres in larger homes. A 50 gallon 5 500 watt water heater with a 90 ef and an electricity rate of 16 per kilowatt hour will cost 781 to operate each year. For a heater with an energy factor of 6 and a propane cost of 3 89 per gallon or 00004251 per btu that works out to 1 061 per year.

Running a bath will use approximately 60 80 litres of water. The average person uses about 20 30 gallons of hot water per day next you can adjust your current water heater s energy factor as well as the energy factor of your new water heater. Generally speaking a gas water heater will cost less per month than an electric model since natural gas prices tend to be lower than the cost of electricity. Electric immersion water heater running costs calculator.

224 for gas you would save 214 per year using gas although the exact numbers you see would depend on all the other variables in play such as the. Electricity tariffs are based on a general or peak rate of 31 9c kwh and an off peak rate of 20 9c kwh. Water heater operating cost comparison tank technology fuel type energy source uef uniform energy factor annual operating costs standard 50 gallon gas storage tank natural gas 0 60 309 standard 50 gallon gas storage tank propane 0 60 745 standard 50 gallon electric storage tank electricity 0 95 626 tankless technology fuel type energy source uef uniform energy factor annual operating. Hot water immersion heater elements are usually rated at 3 or 6 kilowatts kw.

Consider both the purchase price and the long term costs of water heating options. The calculation for an electric heater is similar except. Compare natural gas water heating costs to electricity for your area. Annual energy costs are based on a melbourne household with the stated average daily hot water use.

Average daily usage gallons per day gallons. Going by the examples given above where the electric heater costs 438 in fuel vs. The comparison assumes a storage tank water heater as the input type.